Working Papers
FinTech Lending with LowTech Pricing
2024
M. Johnson, I. Ben-David, A. Chinco, J. Lee, and V. Yao
FinTech, Market Power and Monetary Transmission
2024
Q. Wang and V. Yao
Market-Based Innovation Policy: Evidence from High-Tech Incubators in China
2023
Y. Pan, T. Shu, P. Zhang, and V. Yao
Sales Force Incentives and Consumer Credit
2023
R. Ramcharan and V. Yao
Selected Published Papers
Surviving the Fintech Disruption
Journal of Financial Economics, 171, 2025.
W. Jiang, Y. Tang, R. Xiao, and V. Yao
Second Chance: Life with Less Student Debt
Journal of Finance, Forthcoming
M. Di Maggio, A. Kalda, and V. Yao
Valuation of Long-Term Property Rights under Political Uncertainty
American Economic Review, 114(9), 2024, 2701-2747
Z. He, M. Hu, Z. Wang, and V. Yao
Searching for Approval
Econometrica, 92(4), 2024, 1195-1231
S. Agarwal, J. Grigsby, A. Hortaçsu, G. Matvos, A. Seru, and V. Yao
Corporate Climate Risk: Measurements and Responses
The Review of Financial Studies, 37(6), 2024, 1778-1830. Downloadable Data
Q. Li, H. Shan, Y. Tang, and V. Yao
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program
The Review of Economic Studies, 90(2), 2023, 499-537. Lead article
S. Agarwal, G. Amromin, S. Chomsisengphet, T. Piskorski, A. Seru, and V. Yao
The Pass-Through of Uncertainty Shocks to Households
Journal of Financial Economics, 145(1), 2022, 85-104
M. Di Maggio, A. Kermani, R. Ramcharan, E. Yu, and V. Yao
Fintech Borrowers: Lax-Screening or Cream-Skimming?
The Review of Financial Studies, 34(10), 2021, 4565-4618
M. Di Maggio and V. Yao
Comovements and Asymmetric Tail Dependence in State Housing Prices in US: A Nonparametric Approach
Journal of Applied Econometrics, 34(5), 2019, 843-849
H. Huang, L. Peng, and V. Yao
Interest Rate Policy Pass-Through: Mortgage Rates, Household Consumption and Voluntary Deleveraging
American Economic Review, 107(11), 2017, 3550-88
M. Di Maggio, A. Kermani, B. Keys, T. Piskorski, R. Ramcharan, A. Seru, and V. Yao
Systemic Mistakes of Borrowers in the Mortgage Market and Lack of Financial Sophistication
Journal of Financial Economics, 123, 2017, 42-58
S. Agarwal, I. Ben-David, and V. Yao
Why Do Borrowers Make Mortgage Refinancing Mistakes?
Management Science, 62(12), 2016, 3494-3509
S. Agarwal, R. Rosen, and V. Yao
Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market
Management Science, 61(9), 2015, 2220-2240
S. Agarwal, I. Ben-David, and V. Yao
Foreclosure Externalities: New Evidence
Journal of Urban Economics, 87, 2015, 42-56
K. Gerardi, P. Willen, E. Rosenblatt, and V. Yao
The Foreclosure Discount: Myth or Reality?
Journal of Urban Economics, 71, 2012, 204-218
J. Harding, E. Rosenblatt, and V. Yao
The Contagion Effect of Foreclosed Properties
Journal of Urban Economics, 66(3), 2009, 164-178
J. Harding, E. Rosenblatt, and V. Yao